THE STAKEHOLDER THEORY OF THE CORPORATION - CONCEPTS, EVIDENCE, AND IMPLICATIONS

• 成果类型: Article
• 署名作者: DONALDSON, T; PRESTON, LE
• 署名单位: University System of Maryland; University of Maryland College Park
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/AMR.1995.9503271992
• 发表日期: 1995
• 页码: 65-91
• 关键词: SOCIAL-RESPONSIBILITY; performance; Stakeholders; stockholders

摘要

The stakeholder theory has been advanced and justified in the management literature on the basis of its descriptive accuracy, instrumental power, and normative validity. These three aspects of the theory, although interrelated, are quite distinct; they involve different types of evidence and argument and have different implications. In this article, we examine these three aspects of the theory and critique and integrate important contributions to the literature related to each. We conclude that the three aspects of stakeholder theory are mutually supportive and that the normative base of the theory-which includes the modern theory of property rights-is fundamental.